PSL North America sold to India's Jindal SAW
Aug 20, 2014 | 04:34 PM
| Michael Cowden
CHICAGO Bankrupt large-diameter spiral-weld pipe maker PSL North America LLC has been sold to Indias Jindal SAW Ltd. for $100 million.
The $100-million offer by Jindal SAW subsidiary and stalking horse bidder Jindal Tubular USA LLC remained the "highest and best" after an auction held Aug. 15, according to a sales order filed in U.S. Bankruptcy Court in Delaware and signed by bankruptcy court judge Peter J. Walsh.....
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